2022-03-31-accounts - Shoresh Charitable Trust (Dr Ruth Borchard Gift)

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		Page
Report ofthe Trustees	1	to	9
Report ofthe Independent Auditors	10	to	12
Statement ofFinancial Activities		13
Balance Sheet
Notes to the Financial Statements	15	to	26
Detailed Statement ofFinancial Activities		27

				2022	2021
				Unrestricted	Total
				full d	funds
INCOME AND ENDOWMENTS		FROM	Notes		6
Donations and legacies				100,000	55,080
Investment income				52,599	55,128
Total				152,599	110,208
EXPENDITURE ON
Raising funds				69,963	87,222
Charitable activities
Making grants to institutions Governance				471,265 11,263	345,122 5,442
Other				4,800	30,490
Total				557,291	468,276
Net gains on investments				58,025	500,300
NET INCOME/(EXPENDITURE)				(346,667)	142,232
RECONCILIATION	OF FUNDS
Total funds brought forward				6,270,337	6,128,105
TOTAL FUNDS CARRIED FORWARD				5,923,670	6,270,337

			2022	2021
			Unrestricted	Total
			fund	funds
		Notes
FIXEDASSETS
Investments		10	5,939,709	6,283,253
CURRENT ASSETS
Prepayments and accrued income			11,699	14,591
CREDITORS
Amounts falling due within	one year		(27,738)	(27,507)
NET CURRENT ASSETS			(16039)	(12916)
TOTAL ASSETS LESSCURRENT
LIABILITIES			5,923,670	6,270,337
NET ASSETS			5,923,670	6,270,337
FUNDS		12
Unrestricted funds			5,923,670	6,270,337
TOTAL FUNDS			5,923,670	6,270,337

DONATIO	NS AND LE	GACIES
			2022	2021
			Unrestricted	Total
			funds	funds
Gifts ofdonated works Donated services and facilities			6 52,000 48,000	f. 55,080
			100,000	55,080
INVESTMENT INCOME
			2022	2021
			Unrestricted	Total
			funds	funds
			B
Investment	portfolio		52,599	55,128
RAISING	FUNDS
Investment	management	costs
			2022	2021
			Unrestricted	Total
			funds	funds
Portfolio management Portrait Collection management			26,963 43,000	32,142 55,080
			69,963	87,222

2022	2021
446,283	345,122

UK Charitable Institutions:
Acheinu Cancer Support Acheinu Ltd Agudas Israel community No 2 - Empl	oyment within	the Orthodox		2,374 5,852
Community Arts Therapies for Children Assembly ofMasorti Synagogues Azamrah Youth Club B'nai Brith Hillel Foundation British Library Camp Horizon Camp Simcha CCJO Rene Cassin CGI Camp Children Ahead - Music Therapy Clapton Common Boys Club Ezer Leyoldos Limited Ezra Umarpeth Federation ofJewish Services Friends ofthe Federation ofJewish Yo Generation to Generation Gesher EU Support Network Get Set Girls	uth		1,500 1,500 2,500 1,500 1,000 2,500 500	4,671 3,003 5,839 2,954 5,838 1,802 1,763 2,402 1,178 4,671 3,603 1,763 3,546
Give it forward today Goods for Good Hatzola Trust Limited Holocaust Memorial Day Institute for Jewish Policy Research Israeli Dance Institute JAM I Jewish Association for Mental Illness- Jewish Blind and Disabled Jewish Book Council Jewish Care Jewish Care Scotland Jewish Community Secondary School Jewish Lads and Girls Brigade Jewish Music Institute Jewish Women's Aid Jews College Jews Temporary Shelter Just Kidding	Peer Training	Programme	1,000 3,000 1,500 2,000 4,000 4,000 1,500 2,000	2,402 3,503 1,801 3,515 5,838 9,354 2,931 6,005 3,503 14,040 9,443 584
JW3 Gateway I&ashet UK Kids N Action Kidshine Ltd Kisharon I&oi Bonaich Langdon Foundation Leo Baeck College Lighthouse Limmud 2021 Festival Maccabi GB March ofthe Living Masorti Judaism			1,000 1,000 1,500 3,000 4,000 2,500	3,503 1,752 4,671 6,005 1,168 8,254 2,402 2,402

GRANTS PAYABLE -continued
Maver Merseyside Jewish Community Mesi la UK Ltd Mitzvah Day UK Moishe House Mother to Mother Ltd New Israel Fund Newark Care Nisa Nash im Noa Girls Naom Masorti Youth - Roshim Seni Naom Masorti Youth Norwood Ravenswood ORT UK Prism - the Gift Fund Refreshing Minds Resource Sadeh Scottish Jewish Archives Sephardi Voices Seret International Seret International -Israeli Film and Simon Marks Primary School Trust Sonshine Club	or Leadership Televtston	4,000 3,500 500	3,603 2,347 1,168 11,694 4,804 1,802 1,441 1,178 1,802 3,603 2,910 2,919 4,683 1,802 4,804 1,167 2,335 2,402 3,503 1,752 1,802 1,802
Step by Step The Anne Frank Trust The Cheer Up Squad The Gesher Trust The Holocaust Educational Trust The Interlink Foundation The Jewish DeafAssociation The Jewish Volunteering Net The Larches Trust The Movement for Reform Judaism The New North London Synagogue The Together Plan Tik-sho-ret Ltd Turning Corners		2,000 2,000 3,000 1,500 5,000	1,561 6,005 3,503 4,804 4,099 9,341 2,402 1,168 584
Tzedek UK Jewish Film Ltd United Jewish Israel Appeal		5,000	2,402 4,671
University Jewish Chaplaincy Woolf Institute Young and Inspired Youth on the Move Ziere Camp Aguda Pirchim ZSFTrust		1,000	3,515 2,337 1,201 1,802 1,178
		70,500	260,231
Israeli Charitable Institutions
Eran Humans for Humans IsraAID —The Israel Forum Kav Lnoar			30,000 10,010 10,000 14,000

f GRANTS PAYABLE -continued	or	tbe year ended 31Marc	h 2022
Leshma Lo Omdot Me'negged-Mesayot Mirkam Nochah Sexual Abuse Centre -Tel Aviv Svili Hayam The Central Libraty for the Blind Zumu					17,000 15,000 14,000 17,000 17,000 14,000 13,000 10,000
					181,010
					441,241
					8
8Sterling equivalent ofgrants made	in	E			375,783
				2022	2021
					8
Total Grants made to UK Charitable Institutions Total Grants made to Israeli Charitable Institutions				292,125 154,158	292,181 52,941
Total Grants made —as per SOFA				446,283	403,112
SUPPORT COSTS
				Governance
			Management	costs	Totals
Other resources expended Making grants to institutions Governance			24,040 5,082	4,800 942 6,181	4,800 24,982 11,263
			29,122	11,923	41,045
Support costs, included in the above,	are as follows:
Management
				2022	2021
		Making
		grants to		Total	Total
Administration 8 secretarial		institutions g 24,040	Governance f 5,082	activities 29,122	activities 26,106

Governa
				2022	2021
	Other	Making
	resources	yants to		Total	Total
	expended	institutions	Governance	activities	activities
Auditors' remuneration Accountancy fees Trustees' indemnity	4,800		6,000	6,000 4,800	4,800 4,200
insurance Bank charges		472 470	181	653 470	642 184
	4,800	942	6,181	11,923	9,826

			Unrestncted
			fund
INCOME AND ENDOWMENTS		FROM
Donations and legacies			55,080
Investment income			55,128
Total			110,208
EXPENDITURE ON
Raising funds			87,222
Charitable activities
Making grants to institutions Governance			345,122 5,442
Other			30,490
Total			468,276
Net gains on investments			500,300
NET INCOME			142,232
RECONCILIATION	OF FUNDS
Total funds brought forward			6,128,105

COMPARATIVES F	ORTHE STATEMENT OF FINANC	IAL ACTIVITIES -continued
			Unrestricted
			fund
TOTAL FUNDS CARRIED FORWARD			6,270,337
FIXEDASSET INVESTMENTS
		2022	2021
Shares Borchard Portrait Collection		3,208,724 2,730,985	6 3,615,868 2,667,385
		5,939,709	6,283,253
Additional information	as follows:
Listed investments
MARKET VALUE
At I April 2021 Additions Disposals Revaluations Exchange differences Reclassificationl transfer		3,615,868 1,222,828 (1,485,951) 82,534 (29,858) (196,697)	3,514,698 1,438,494 (1,544,848) 448,892 48,352 (289,720)
At 31 March 2022		3,208,724	3,615,868
NET BOOK VALUE
At 31 March 2022		3,208,724	3,615,868
At 31March 2021		3,615,868	3,514,698

	2022	2021
Brought forward Additions Revaluation	2,667,385 61,000 2,600	6 2,637,200 0 30,185
	2,730,985	2,667,385

11.	CREDI	TOR	S	: AMOUNTS FA	LLING DUE WITHIN ONE	YEAR
							2022	2021
	Other creditors						27,738	27,507
12.	MOVEMENT			IN FUNDS
							Net
							movement	At
						At 1.4.21	in funds	31.3.22
	Unrestricted		funds
	General	fund				6,270,337	(346,667)	5,923,670
	TOTAL	FUNDS				6,270,337	(346,667)	5,923,670
	Net movement			in funds, included	in the above are as follows:
					Incoming	Resources	Gains and	Movement
					resources	expended	losses	in funds
					6		6
	Unrestricted		funds
	General	fund			152,599	(557,291)	58,025	(346,667)
	TOTAL	FUNDS			152,599	(557,291)	58,025	(346,667)

			Net
			movement	At
		At 1.4.20	in funds	31.3.21
Unrestricted	funds
General fund		6,128,105	142,232	6,270,337
TOTAL FUNDS		6,128,105	142,232	6,270,337

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
			E
Unrestricted		funds
General	fund		110,208	(468,276)	500,300	142,232
TOTAL	FUNDS		110,208	(468.276)	500,300	142,232

				Net
				movement	At
			At 1.4.20	in funds	31.3.22
				8
Unrestricted		funds
General	fund		6,128,105	(204,435)	5,923,670
TOTAL	FUNDS		6,128,105	(204,435)	5,923,670

			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
Unrestricted		funds	g		g
General	fund		262,807	(1,025,567)	558,325	(204,435)
TOTAL	FUNDS		262,807	(1,025,567)	558,325	(204,435)

	SHORESH CHARITABLE TRUST
	Detailed Statement ofFinancial Activities
	for the year ended 31March 2022
		2022	2021
		f,
INCOME AND ENDOWMENTS
Donations and legacies
Gifts ofdonated works Donated services and facilities		52,000 48,000	55,080
		100,000	55,080
Investment income
Investment portfolio		52,599	55,128
Total incoming resources		152,599	110,208
EXPENDITURE
Investment management	costs
Portfolio management Portrait Collection management		26,963 43,000	32,142 55,080
		69,963	87,222
Charitable activities
Grants to institutions		446,283	345,122
Support costs
Management
Administration &secretarial		29,122	26,106
Governance costs
Auditors' remuneration Accountancy fees Tmstees' indemnity insurance Bank charges		6,000 4,800 653 470	4,800 4,200 642 184
		11,923	9,826
Total resources expended		557,291	468,276
Net expenditure before gains and losses		(404,692)	(358,068)
Realised recognised gains	and losses
Realised gains/(losses) on Unrealised gains/ losses	fixed asset invesnnents	3,801 54,224	192,622 307,678
Net (expenditure)/income		(346,667)	142,232